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ExtraTorrent.cc > Articles > France Will Sell Its Largest Video Service to US

France Will Sell Its Largest Video Service to US

France Will Sell Its Largest Video Service to US

Added: Friday, May 10th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.com, 2013
A French minister claimed that the French don’t need a Dailymotion and therefore should be happy that Yahoo takes such a site off its hands.
France%20Flag.png


The French know Dailymotion as an online video-sharing website owned by France Telecom. Now the company is keen to sell the service to Yahoo, but there’s an outcry that a wholly owned French outfit will be handed over to new US owners who don’t understand the meaning of good cuisine and speaking French. In fact, there are still lots of people in Paris who believe that the United States should be speaking French after Napoleon’s troops forced the English out of the country.

A week ago, Industry Minister Arnaud Montebourg refused Yahoo plan to purchase a majority stake in Dailymotion because the American group wanted to "devour" its smaller competitor. But this move prompted another row over political interference in French companies. As a result, now the junior minister for digital economy, Fleur Pellerin, told in the interview that there was no reason why Yahoo couldn’t acquire Daily Motion.

During an interview, Pellerin claimed that the digital economy can’t be compared with a Gallic village, but her requirement is that the company, its technology, engineers and jobs remain anchored in France.

Press reports confirm that Yahoo had been in talks to purchase a 75% stake in Dailymotion, currently owned by France Telecom's Orange – this can be a deal that would have valued the largest video website in a region at $300 million. Fleur Pellerin also claimed that the deal with Yahoo wasn’t balanced enough and could lead to the disappearance of Daily Motion. At the same time, Pellerin admitted that it would be an economic and industrial dead-end for the service to remain exclusively French.


By:
SaM
May 10th,2013

Posted by: 
SaM

Date:  Friday, May 10th, 2013



Comments (9) (please add your comment »)

1
posted by (2013-05-11 04:39:17)
No avatarFrance the country != Dailymotion
US the country != Yahoo

What a false headline. You must have really poor journalistic standards in your country.

2
posted by (2013-05-11 07:04:44)
Boghound avatar@Timbo

Nothing wrong with the headline unless of course you are French!

I liked the part "In fact, there are still lots of people in Paris who believe that the United States should be speaking French after Napoleon’s troops forced the English out of the country."

May I suggest that the French should be speaking English because the Allies kicked the Germans out not once but twice!

There's even a department in the French Government that spends it's time converting English words and phrases to French...Never mind trying to be more efficient in producing goods to try and revert a financial meltdown in a country that is teetering on the precipice.

3
posted by (2013-05-11 14:36:43)
No avatar"In fact, there are still lots of people in Paris who believe that the United States should be speaking French after Napoleon’s troops forced the English out of the country."

WOW! That phrase is stupid on SO MANY level! First of all, Napoleon came to power in france in 1804, years after the american revolution in 1776! General Lafayette was sent by king Louis 16! LOL...
Napoleon sold Louisiana to the US in 1810...

No one in France thinks that the US should speak French, that is just stupid talk.

But the most important thing, that the article FORGOT TO SAY, is that France Telecom is A PUBLIC COMPANY!!! The French government is the biggest share holder in the company with 1/3. So this is just the state of France as biggest share holder of France Telecom saying they disagree with the sale.

Actually the french gouvernment was OK with the Yahoo deal, if Dailymotion belonged at 50% to France Telecom and 50% to Yahoo (and not 75% Yahoo)...

4
posted by Kitty (2013-05-11 15:42:27)
redbull99 avatargot to love extra torrent to hear other peoples opinions it keeps pit intresting.

5
posted by (2013-05-11 18:52:34)
No avatarTwo things that can be important to know to explain why the French Government didn't want Yahoo to buy 75% (they were even talks of Yahoo buying 100%) of Dailymotion :

- 1°) It's apparently at the demand of the French government that Orange bought Dailymotion (they deny it but at the time it seems that's what happened - the government saw a good investment in 2011 and pressured France Telecom - private but they are the biggest shareholder - to buy it.) So they consider it a little like their own long-term investment, and don't like the idea of FT selling it to make a "quick buck" because they need money right now - they think it's stupid, that it will be worth much more in a few years (and as FT main shareholder, they would benefit in the future)

- 2°) In 2009, the French Government invested $7.5 million of its own money - via the Strategic Investment Fund - to help Dailymotion expand. So it may also explain why they don't want Yahoo to buy the company not even 4 years later (possibly at a discount price because Orange is short on cash and needs money quickly), and rip the benefits of the investment, while France would not (the fear is that Dailymotion would become a US company - if owned by Yahoo at 75 + % - and France would not gain from any benefit the company is making, just after they spend a lot of money to help it grow, thinking it would boost the country's presence and competence in video sharing websites / technology, which any analyst could tell you may become more and more relevant / profitable with the expansion of the mobile market - and YouTube new direction of paying channels could be a clue of new revenues to come)

(Plus the company might soon go public and be worth a lot more money.)

Now if you don't care and want to keep talking about how Napoleon wants to make the US speak French with the help of a secret department of the French Government who helps him do the translation, I'm fine with it too lol.

6
posted by (2013-05-12 16:03:30)
No avatarYouTube hereby grants you permission to access and use the Service as set forth ... than the video playback pages of the Service itself, the Embeddable Player, ...

Dex,

<a href=" Mall </a>

7
posted by (2013-05-14 02:59:05)
bluntm8 avatarThat may be true for Indians from India. However, Native American
INDIANS ARE STUPID SMELLY DONKEY DICKED COW WORSHIPPING ASSFAGS.

8
posted by (2013-05-14 03:05:48)
bluntm8 avatar"In fact, there are still lots of people in Paris who believe that the United States should be speaking French after Napoleon’s troops forced the English out of the country."

That must be why all of those people have learned English whilst watching American TV and eating McDonalds.

...and if the US wanted France we would have taken it already and made English their national language.

9
posted by (2013-05-16 04:03:12)
ao1jmm avatar"good cuisine and speaking French"

eww x2



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